Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.46 and traded as low as $9.46. Eaton Vance California Municipal Bond Fund shares last traded at $9.46, with a volume of 368,359 shares trading hands.

Eaton Vance California Municipal Bond Fund Price Performance

The stock’s 50-day moving average price is $9.46 and its 200-day moving average price is $9.27.

Eaton Vance California Municipal Bond Fund Company Profile

Eaton Vance California Municipal Bond Fund (NYSEAMERICAN:EVM) is a closed-end, diversified management investment company that seeks to provide tax-exempt income by investing primarily in municipal obligations issued by or on behalf of the State of California and its political subdivisions. The fund is structured to deliver current income exempt from federal and California state income taxes, making it a targeted solution for investors in higher tax brackets seeking exposure to California’s municipal market.

The fund’s portfolio is composed predominantly of investment-grade municipal securities, including general obligation bonds, revenue bonds and municipal lease obligations.